Which of the Following Statements Is True Regarding the Characteristics

question 49

Multiple Choice

Which of the following statements is true regarding the characteristics of good information?

• A)Information needs to be more than just barely sufficient for the purpose for which it is generated.
• B)Information must hold an appropriate relationship between its cost and value.
• C)Accurate information can be based on incomplete data.
• D)Good information is just recorded facts and figures.

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Definitions:

Market Share

The portion of a market controlled by a particular company, product, or brand, typically expressed as a percentage of total sales.

Strategic Position

The place a company occupies in its industry landscape, determined by its competitive advantage and market strategy.

Autonomy

The degree to which a job provides an employee with the discretion and independence to schedule their work and determine how it is done.

Closed Shop

A workplace in which only members of a particular union or labor organization are hired and employees must remain members to retain their jobs.